Bear Market Reality: It's Here. Expect Much Worse

The Nasdaq officially went into bear market territory today. Expect things to get much worse.

Realistically speaking, this is just a start of a bear market. Here are some more charts to ponder.

S&P 500 Nears Bear Market

Dow Nears Bear Market

Nasdaq 100 Index in Bear Market

Russell 2000 in Bear Market

Apple Bear Market

Crude Bear Market

Nothing Magic

There is nothing magic about 20% declines. It's simply the most widely used definition of a bear market.

Bear markets seldom stop at 20% then magically reverse.

Expect worse, much worse.

Mike "Mish" Shedlock

Comments (26)
No. 1-11
Zardoz
Zardoz

Another Trumpletantrum, another 2%.

Mike Mish Shedlock
Mike Mish Shedlock

Editor

Trumpletantantrum - I like that - Did you coin that or pick it up somewhere?

domain
domain

Interesting how gold bottomed shortly before the peak in the Nasdaq. That is an awful lot of wisdom from a barbarous relic!

CzarChasm-Reigns
CzarChasm-Reigns

"Much worse" how? Great Depression-like in losses & duration? Fortunately, history shows Bear Markets are not only short-lived, but also few & far between.

I Listen
I Listen

Mish do you still like Goldmoney? How about MENE?

gregggg
gregggg

Mish, have you looked into the Mark Skidmore/Catherine Austin Fitts story of the "missing" 21 trillion at the Pentagon?

mark0f0
mark0f0

Hiking rates into horrifically high unemployment? Good lord, the Fed is stupid.

mark0f0
mark0f0

Look at XAU vs. the Nasdaq in 2000-2001. Basically a perfect inverse correlation.

Blurtman
Blurtman

What goes up, goes down. What goes down, goes up. Over time.

LawrenceBird
LawrenceBird

Since you are using charts to bolster gloom and doom, maybe you should be fair and post some longer term charts too? We are actually closer to support levels than to the peaks, 5-15% depending what you are looking at. Is that "much, much worse"? Probably not in most peoples books.

Blacklisted
Blacklisted

What's "much worse", and over what time frame? What will be much worse over long period of time are pensions, global cooling, increasing taxes, govt oppression, and civil unrest.

Stocks, not so much, and 2 months max.